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EFCC Secures Final Forfeiture of 48 Properties Linked to Malami
The EFCC, on Wednesday, July 15, 2026, secured the final forfeiture of 48 properties linked to a former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, to the Federal Government of Nigeria. Delivering judgment, Justice Joyce Abdulmalik of the Federal High Court, Abuja, held that the Commission had successfully established that the properties were reasonably suspected to be proceeds of unlawful activities and were not acquired with lawful sources of income.
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EFCC Arraigns Two Brothers for Alleged Land Fraud in Port Harcourt
The Port Harcourt Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, July 2, 2026 arraigned two brothers, Cypril Nwalaezi and Smart Chinedu Nwalaezi before Justice S. D. Pam of the Federal High Court, Port Harcourt for property fraud.
The duo was arraigned on amended five-count charge, bordering on conspiracy and obtaining money under false pretence to the tune of N3,200,000.00 (Three Million, Two Hundred Thousand Naira).
Counts two reads: "That you, Cypril Nwalaezi on or about the 17th October, 2022 at Port Harcourt, within the jurisdiction of this Honourable Court, with intent to defraud and by false pretence that you had valid and subsisting title to a parcel of land, situated at Umuasukpo Farm Road, in Igbo-Etche in Etche Local Government Area of Rivers State, measuring 1150.805 and 1295.771 square meters induced Mr. Franklin Nwachukwu to purchase the same and obtained the sum of Two Million, Seven Hundred and Fifty Thousand Naira (N2,750,000.00) from Mr. Franklin Nwachukwu and thereby committed an offence contrary to Section 1(1)(b)&(c) of the Advance Fee Fraud and Other Fraud Related Offenses Act, 2006 and punishable under Section 1(3) of the same Act."
Another counts charge reads: "That you, Smart Chinedu Nwalaezi on or about the 3rd day of November, 2022 at Port Harcourt, within the jurisdiction of this Honourable Court, with intent to defraud and by false pretence that you had valid and subsisting title to a parcel of land, situated at Umuasukpo Farm Road, lgbo-Etche in Etche Local Government Area of Rivers State, measuring an area of 467.912 square meters, induced Mr. Franklin Nwachukwu to purchase the same and obtained the sum of Four Hundred and Fifty Thousand Naira (N450,000.00) from Mr. Franklin Nwachukwu and thereby committed an offence contrary to Section 1(1)(b) & (c )of the Advance Fee Fraud and Other Fraud Related Offenses Act, 2006 and punishable under Section 1(3) of the same Act."
They both pleaded "not guilty," following which prosecution counsel, C. Okorie, asked the court for a trial date and for the court to remand them in the custody of the Nigeria Correctional Service, Port Harcourt, Rivers State, while counsel to the first defendant, R. O. Agbabo informed the court of her subsisting bail application for her client and prayed the court to grant him bail to enable him prepare for his trial.
Similarly, counsel to the second defendant, M. M. Nweke, informed the court of his bail application for his client and pleaded with the court to grant him bail on liberal terms to enable him to prepare for his trial.
Justice Pam granted bail to Cypril Nwalaezi, the first defendant in the sum of N500,000.00 (Five Hundred Thousand Naira) and a surety in like sum, who must have a landed property and must reside in Port Harcourt, while he granted bail to the second defendant, Smart Chinedu Nwalaezi in the sum of N50,000.00 (Fifty Thousand Naira) and a surety in like sum and ordered that defendants be remanded in Port Harcourt Correctional Centre, pending the fulfilment of their bail conditions. He adjourned the matter to September 17, 2026 for commencement of trial.
The defendants’ road to the dock began sometime in June, 2024, when their victim, Nwachukwu, petitioned the Commission, alleging a case of fraud, having discovered in December, 2023 that the same properties he bought have been resold by the defendants to other buyers.
Investigation revealed that the defendants conspired and resold both properties for N3, 200, 000 (Three Million Two Hundred Thousand Naira) to other buyers.
EFCC Arrests Nigerian-American for Alleged $320,000 Vehicle Import Fraud
Operatives of the Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Directorate, have arrested a Nigerian-American, Adegoke Oluwatobi Adams, for an alleged cross-border vehicle import fraud involving more than $320,000 (approximately ₦434.88 million).
Adams, who holds dual citizenship of Nigeria and the United States of America, is being investigated for alleged criminal breach of trust and obtaining money by false pretence.
Preliminary investigations revealed that the suspect allegedly belongs to a syndicate based in the United States that specialises in defrauding unsuspecting Nigerians under the guise of purchasing and importing vehicles from the United States for them.
Investigations further revealed that, while residing in the United States, Adams allegedly advertised and circulated photographs of a 2024 Mercedes-Benz G63 AMG to prospective buyers in Nigeria, promising to purchase and ship the luxury vehicle to them.
Findings revealed that two victims allegedly paid a total sum of $320,000 (over ₦434.88 million) for the vehicle. One of the victims, Ikechukwu Osita Ifeabunike, reportedly paid $145,000 through an intermediary, while another victim, Godson Azubuike Amans, allegedly paid $175,000 for the same vehicle.
Further investigation also uncovered a prior criminal record involving Adams in the United States, allegedly related to the illegal acquisition of vehicles. In the long run, the suspect was arrested by operatives of the Ilorin Zonal Directorate of the EFCC upon his return to Nigeria.
The suspect will be arraigned in court upon conclusion of the ongoing investigations.
BOKI, NIGERIA — The Danare community in Boki Local Government Area, Cross River State, was thrown into a state of panic earlier today following an unauthorized incursion by over 200 officers of the Cameroonian Armed Forces.
The road is always free for the terr0rists in the north. Just imagine how many checkpoints in the South. Why is it that there are no checkpoints in the north, a region with high security risk?